Medicare Advantage Plans provides assistance with a wide range of health services, making it convenient for seniors to receive the services they need. These plans are often referred to as managed care programs, and each one has its own set of characteristics that make it unique.The first advantage plan offered is Medicare Part D. Part D covers certain drugs that are normally covered by your insurance plan. When using Part D, you can get cheaper medication without changing the benefits you already have.The second advantage plan is called Medicare Advantage. It offers special supplemental benefits that can be used to help keep your costs down. Here’s how these benefits are different from the regular plan.
Improved benefits – When you use a Medicare Advantage Plan, you’ll have reduced rates for some health services. You can take advantage of everything from doctor visits to lab work, and you can also choose your own doctors and specialists. For instance, if you’re in the hospital and don’t want to be bothered by the same doctor over, you can choose to see another doctor.
Group rate flexibility – These plans aren’t tied to a specific price or package. Some are grouped together with a bundled plan, but others offer plans that are separate from the bundled plan. This means that you can find plans that allow you to see only specialists or focus on a particular kind of medication, instead of being assigned a “group rate.” Enhanced benefits – All of these plans are improved in other ways as well. They often offer coverage for preventive care, like annual exams and screenings. They also offer various forms of prescription drug coverage, which you can find lower than what you’re used to receiving on your own.
Payment options – The plans also offer options for payment. If you go to a doctor outside the network, you can pay the difference yourself. Medicare Advantage Plans also helps you get regular payments from your insurance company to pay for your doctor visits and prescriptions, instead of you having to fork over all of the cost.Deductibles – In addition to choosing when to see a doctor, you can also choose what type of deductibles are available to you. There are plans with no deductible, low-deductible plans, and even limited benefits plans. This means that you can choose which benefits you want, so you don’t end up with the lowest premiums but the least benefits.Coverage of important services – Not all company plans are the same. While your coverage is essentially the same, you can choose from a wide variety of options to improve the quality of your care. Here are a few options.
Comprehensive benefits – These are often the most expensive plans. Coverage includes things like doctor and hospital stays, chiropractic care, and emergency services. However, there are often also different payment options, including medical savings accounts and managed care plans.Self-service only – These plans don’t include all the benefits offered by the more comprehensive plans. They also don’t include coverage for things like dental care and other health services. Instead, they may limit coverage so that you only pay for the services you use. The bottom line: Always compare the available options before choosing a plan. Also, consider all of the options and compare the costs. Doing so will allow you to make the right choice, one that is right for you and your family.